Gujarat Raffia Industries Limited has informed the Exchange regarding Resignation of Mr Mehulkumar Dulabhai Desai as Company Secretary & Compliance Officer of the company w.e.f. August 27, 2025.
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Mr. Mehulkumar Dulabhai Desai has resigned from his role as Company Secretary and Compliance Officer of Gujarat Raffia Industries Limited, effective August 27, 2025. The role also qualifies as a Key Managerial Personnel (KMP) position under SEBI regulations. The reason cited is the pursuit of a role offering better work-life balance aligned with his personal priorities. The company has disclosed this to BSE, NSE, and CSE as required under Regulation 30 of SEBI LODR. The resignation letter and required annexure have been submitted to the exchanges.
The departure of the Company Secretary and Compliance Officer creates a key compliance vacancy at a time when listed companies are under heightened regulatory scrutiny. Investors should watch for timely appointment of a replacement, as prolonged absence could affect disclosure timelines and compliance quality, though the exit reason suggests a personal decision rather than governance issues.